Stefan Ingves, Chairman of the Committee and Governor of Sveriges Riksbank, said: "Since the report to the G20 Leaders in June 2012, significant progress can be observed, with many Basel Committee members now having final rules in place. We expect that the remaining jurisdictions will be able to finalise their rules swiftly and in a way that is true to the globally agreed minimum requirements. This is particularly important for those countries that are home to global systemically important banks (G-SIBs) and will be a significant step in improving the resilience of the banking system."